Micron – To The Penny

On the 22nd of December, I gave a heads-up about shorting Micron if it got close to its gap. Specifically, I said I’m going to be watching this, because if it can stay below (or at least not far above) 23.66, it may be a very interesting new short based on its gap closure. So how high did it get? 23.64.

1228-mu

so………

Disclosure: None.

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Nick De Peyster, CFA 7 years ago Contributor's comment

Given the risks inherent in shorting, it would be nice to see more than a chart analysis. Is the stock over/undervalued? Are earnings deteriorating?